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Nomura chooses SGSS in South Africa


16 October 2014 Paris
Reporter: Stephen Durham

Societe Generale Securities Services (SGSS) in South Africa has been mandated by Nomura to act as its sub-custody bank in the country...
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Northern Trust secures west London councils for LGPS


16 October 2014 London
Reporter: Catherine Van de Stouwe

Westminster City Council and the London Borough of Hammersmith and Fulham has asked Northern Trust to provide global custody, investment accounting and performance measurement for £1.9 billion in pension fund assets...
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FICC files for central clearing in tri-party repo


15 October 2014 New York
Reporter: Catherine Van de Stouwe

FICC, subsidiary of the DTCC, has announced it intends to submit a rule filing with SEC and an Advance Notice filing to both the SEC and the Federal Reserve to provide central clearing for over $1.6 trillion institutional tri-party repo market...
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SIX concerned with new market infrastructure act


15 October 2014 Zurich
Reporter: Catherine Van de Stouwe

SIX concerned over “inconsistencies in the regulatory approach for trading platforms and systems” in the Financial Market Infrastructure Act...
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Volatile month for UCITS amid subdued global growth


15 October 2014 Brussels
Reporter: Catherine Van de Stouwe

There was a large drop in net sales of UCITS for August 2014, according to EFAMA, which put August’s figure at €38 billion compared to €59 billion in July...
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New COO for TMF's fund services


14 October 2014 Dublin
Reporter: Stephen Durham

TMF Custom House Fund Services has appointed Kevin Walsh as COO for fund services...
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Smith joins Capita


14 October 2014 London
Reporter: Stephen Durham

Peter Hugh Smith is to join Capita Asset Services as managing director of Capita Financial Managers Limited in November 2014...
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Asia Pacific firms choosing triResolve


14 October 2014 New York
Reporter: Stephen Durham

Impending regulatory changes in the Asia Pacific region have prompted leading financial institutions to proactively reconcile their portfolios and manage their collateral disputes, according to TriOptima...
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ESMA seeks stakeholders views


14 October 2014 Paris
Reporter: Stephen Durham

ESMA has published a consultation on draft regulatory technical standards it has to develop under EMIR for the clearing of foreign exchange non-deliverable forwards...
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Newly-created role now filled at EFAMA


13 October 2014 Brussels
Reporter: Stephen Durham

The European Fund and Asset Management Association (EFAMA) has hired Gabriela Diezhandino, the former head of public affairs for Insurance Europe, to head its newly created Public Policy Department...
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Green light for Gibraltar stock exchange


13 October 2014 Gibraltar
Reporter: Catherine Van de Stouwe

Gibraltar’s first ever regulated stock exchange has been given authorisation by the Financial Services Commission of Gibraltar (FSC) to start operations...
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Regulation a concern for boutique AMs


13 October 2014 Wayne
Reporter: Catherine Van de Stouwe

Regulation is the greatest threat to success for boutique asset management firms, according to research by TABB Group at SunGard’s request...